Penn National Gaming Acquires Operations of Hollywood Casino Perryville

Gaming and Leisure Properties Acquires Three Casino Resorts from Strategic Gaming Management

May 17, 2024

Real Estate

Gaming and Leisure Properties (GLPI) purchased the real estate assets of Baldini’s Casino (Nevada), the Silverado Franklin Hotel & Gaming Complex (South Dakota) and the Deadwood Mountain Grand (South Dakota) for $105 million, plus $5 million in capital improvement proceeds (total investment $110 million). GLPI entered 25‑year cross‑defaulted triple‑net leases with tenant Strategic Gaming Management (with two 10‑year renewal options), agreed initial aggregate annual cash rent of $9.2 million, and secured a right of first refusal on future Strategic acquisitions until Strategic’s adjusted EBITDAR reaches $40 million annualized.

J&J Ventures Gaming of Pennsylvania Acquires Second State Gaming

December 2, 2021

Media & Entertainment

J&J Ventures Gaming of Pennsylvania, LLC has acquired substantially all of the assets of Second State Gaming, LLC, a Harrisburg-based video gaming terminal operator majority-owned by Gary Brewer. The acquisition expands J&J's terminal operator footprint into Pennsylvania, combining J&J's reporting and marketing capabilities with Second State's truck-stop customization and route management.

Penn National Acquires 36% Stake in Barstool Sports

February 20, 2020

Media & Entertainment

Penn National Gaming acquired a 36% minority interest in Barstool Sports for approximately $163 million, comprised of cash and convertible preferred stock. The deal makes Penn National Barstool's exclusive gaming partner with rights to use the Barstool brand for online and retail sports betting and positions the companies to roll out a Barstool-branded sportsbook and interactive products.

Boyd Gaming Corporation Acquires Pala Interactive LLC

November 1, 2022

Media & Entertainment

Boyd Gaming Corporation has completed the acquisition of Pala Interactive LLC and its subsidiaries for $170 million in net cash. The purchase gives Boyd Gaming online casino technology, products and expertise to expand its digital gaming presence and complement its land-based operations.

Strategic Gaming Management Acquires Sunland Park Racetrack & Casino

October 15, 2025

Restaurants & Hospitality

Strategic Gaming Management, LLC (SGM) has completed the acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately following closing, SGM sold the real property to Gaming and Leisure Properties, Inc. (GLPI) in a sale‑leaseback; the deal expands SGM's portfolio of regional gaming assets and adds a leading New Mexico racetrack and casino.

Herschend Family Entertainment Acquires Palace Entertainment's 24 U.S. Attractions

May 27, 2025

Media & Entertainment

Herschend Family Entertainment Corporation completed the acquisition of Palace Entertainment’s 24 U.S. attractions from Parques Reunidos, adding the parks and water‑park properties to its portfolio. The deal expands Herschend’s footprint to 49 properties and increases its workforce of hosts, while Palace Entertainment’s U.S. operations move from Parques Reunidos ownership to Herschend.